We are investigating LAIX Inc. (LAIX) (“LAIX” or the “Company”) for potential violations of the federal securities laws.
On March 12, 2020, LAIX issued a press release announcing the Company’s unaudited fourth quarter and full year 2019 financial results. For the quarter, LAIX reported GAAP earnings per share of -$0.60 on revenue of $33.2 million, both of which fell short of consensus estimates. On this news, LAIX’s stock price fell $0.69 per share, or 15.4%, to close at $3.79 per share on March 13, 2020.